Bitcoin could hit new highs in a matter of days if it holds strong amid three-year low job openings and possible slowing inflation in the U.S., says crypto researcher Markus Thielen.) could hit a new all-time high as soon as next week following the lowest United States job openings in three years — a sign of a slowing economy — but two other indicators must be confirmed, according to a crypto researcher.
According to Thielen, it could be the first of the economic indicators suggesting an economic slowdown, which will all “lead to a lower inflation” — a key bullish indicator for Bitcoin. “A weaker surprise could bring back rate cuts, and next week, we will get the CPI inflation report. If CPI is 3.3% or lower, it will likely push Bitcoin to new all-time highs.”Bitcoin is up 12.05% over the past 30 days. Source: CoinMarketCap
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